AP NEWS

Novanta: 2Q Earnings Snapshot

August 8, 2018

BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Wednesday reported second-quarter earnings of $11 million.

The Bedford, Massachusetts-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The photonic and motion control components maker posted revenue of $150.4 million in the period.

For the current quarter ending in October, Novanta expects its per-share earnings to range from 50 cents to 53 cents.

The company said it expects revenue in the range of $153 million to $156 million for the fiscal third quarter.

Novanta expects full-year earnings in the range of $1.96 to $2.02 per share, with revenue ranging from $600 million to $607 million.

Novanta shares have risen 34 percent since the beginning of the year. The stock has increased 75 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVT at https://www.zacks.com/ap/NOVT

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